I think the valuation of NASDAQ on Upbit is at least around 50 billion yuan Although there have been many negative impacts on Upbit recently, I am still very optimistic about this exchange and the Korean market. I can pay special attention to the future opportunities of Giwachain because it involves the listing of Upbit. If the wealth creation effect is good, the income will increase, and there will be positive publicity for the listing valuation and brand value Giwachain Upbit attaches great importance to providing top projects with the opportunity to launch their own UPs. Due to compliance issues in South Korea, it is not possible to develop overseas users on a large scale. Therefore, the strategy is to support its own chain and compete for overseas market liquidity The decline in liquidity in South Korea is due to the theoretical exclusion of MM, resulting in a drop of 80% in trading volume compared to its peak. Currently, most of the trading volume in South Korea is real, and South Korean and US stocks have taken over a lot of the market. However, next year, MM's problem may be resolved through legislation, and liquidity can return Binance bought a ticket to enter the South Korean market, and BYBIT also wants to buy one, but there is a high possibility of Coinbase intercepting Hu. The tickets cannot all be given to Chinese people, right? The South Korean market next year will be very exciting and chaotic!